Enbridge Energy Management (EEQ) Receiving Somewhat Favorable Media Coverage, Report Finds
Press coverage about Enbridge Energy Management (NYSE:EEQ) has trended somewhat positive on Monday, according to Accern Sentiment Analysis. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Enbridge Energy Management earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned news headlines about the oil and gas producer an impact score of 47.6052059608676 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
NYSE EEQ traded up $0.18 during mid-day trading on Monday, hitting $9.72. The company’s stock had a trading volume of 423,325 shares, compared to its average volume of 742,565. Enbridge Energy Management has a twelve month low of $8.51 and a twelve month high of $18.78. The company has a market cap of $856.68, a P/E ratio of -6.97 and a beta of 1.33.
Several research firms have recently weighed in on EEQ. Morgan Stanley lowered shares of Enbridge Energy Management from an “equal weight” rating to an “underweight” rating in a research note on Thursday, January 11th. Zacks Investment Research lowered shares of Enbridge Energy Management from a “hold” rating to a “strong sell” rating in a research note on Monday, March 26th. Ladenburg Thalmann lowered shares of Enbridge Energy Management from a “buy” rating to a “neutral” rating and set a $13.00 price objective for the company. in a research note on Friday, March 16th. ValuEngine lowered shares of Enbridge Energy Management from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. Finally, Bank of America assumed coverage on shares of Enbridge Energy Management in a research note on Tuesday, January 9th. They issued an “underperform” rating and a $14.00 price objective for the company. Five research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. The stock has a consensus rating of “Sell” and a consensus target price of $16.60.
Enbridge Energy Management Company Profile
Enbridge Energy Management, LLC, through its limited partner interests in Enbridge Energy Partners, L.P., owns and operates a portfolio of crude oil transportation systems in the United States. Its principal crude oil system is the pipeline transporter of oil production from western Canada and the North Dakota Bakken formation.
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